National Investment Corporation (NIC) has announced the Plan of 300,000m2 expansion of Marina Mall Abu Dhabi is scheduled to commence in 2018.

Upgradation:Upgradationof the mall’s existing facilities. Installation of LED screens, the renovation of existing store-front fixtures, and the enhancement of the mall’s luxury area and main entrance.

Extension:South block, to have additional retail spaces, food and beverage (F&B) outlets, and a new residential tower. North block will be expanded to include a series of extra entertainment attractions.

New Promenade – Marina Walk:New Promenade – Marina Walk, a 546m-long promenade that will offer 123,000m2 of leisure and entertainment activities, including Abu Dhabi’s first skate park. It will boast a gross leasable area (GLA) of 19,500m2, will feature a dining precinct, 15,000m2 of open park areas for community events, multiple water features, three helicopter pads, and 900 additional parking spaces.

Timeline:

Upgradation of existing facilities will start in H1 2018

Expansion & development of Marina Walk will start in Second half of 2018

Budget:

Sharjah is adding retail space by adding new malls adding expansion of existing shopping malls in the new master-planned developments in suburbs and redevelopment of urban areas and sustain growth of the emirate as an ideal family tourism destination and a retail hub. Sharjah Tourism Vision 2021 aims to attract more than 10 million tourists by the year 2021, when the UAE would celebrate 50th year of her founding.

Sharjah will add over 3 mn sq.ft of retail space by 2020

The following are the major developments in Retail happening right now in Sharjah